Eniac Ventures

Eniac Ventures was formed in 2009 as a seed-stage investment firm.[1] The name stands for Electronic Numerical Integrator And Computer, which was the name of the first electric general purpose computer.

[2] The founding general partners of Eniac include Hadley Harris, Nihal Mehta, Tim Young, and Vic Singh. It now has offices in San Francisco and New York.[3] Its first fund was closed in 2010 at $1.6 million,[4] consisting of the founders’ own funds and funds from friends and family. They made investments in 32 initial companies,[5] and developed a reputation for accelerating companies from the seed stage to Series A funding stage.[6] Eniac's second was closed in 2013 at $12.9 million.[7] In 2015 the firm closed its third round of funding at $55 million.[3] In 2017 the firm closed a fourth round of funding at $100 million.[3][8]

Early investments the company made included Airbnb, Twitter, SoundCloud, Glide, and Vimeo.[2] Companies that Eniac has more recently invested in include Ready Robotics,[9] Legit,[10] 10% Happier,[11] Pienso,[12] Snips,[13] Bleximo,[14] Iron Ox,[15] Xwing,[16] FortressIQ,[17] Zero,[18] Fuzzy,[19] Visual Vocal,[20] and Sea Machines.[21]

In 2019 so far, Eniac has invested in 1upHealth [22] and briq [23]